Factors that Influence Your Tennessee Auto Insurance Rate

The Tennessee auto insurance rate that a particular driver will pay depends on a number of factors. The level of risk that a company is prepared to assume on behalf of a policyholder varies, which means that rates for the same type of coverage can vary significantly between providers. Buyers who take the time to shop around and get quotes from several providers will be able to find the lowest rates for the protection they need.

One of the most important factors that the insurance company will look at is the applicant’s driving record. A person who has already been involved in one or more accidents or who has accumulated moving violations presents a higher level of risk for insurance coverage purposes. Maintaining a clean driving record for at least a few years will help an individual in this situation qualify for lower rates.

The insurer will also need to know what the make and model of the vehicle is. Some cars are more expensive to insure because they are pricey to repair or are more likely to be targeted by thieves. Others, such as sports cars, are expensive to cover because they are meant to be driven fast and the owner is more likely to be involved in an accident.

Location is another important factor when insurance providers are setting rates for their customers. Customers who live in areas with a history of numerous claims will be charged more for their coverage.